Pivotal CEO steps down

Less than a year after replacing Bo Manning, the midmarket vendor is looking for someone else to take over the reins.

Divesh Sisodraker became the latest in a line of CRM CEOs to leave their post, announcing today that he is stepping

down from the helm at Pivotal for another career opportunity.

Sisodraker has been at Vancouver, B.C.-based Pivotal Corp., a subsidiary of chinadotcom (CDC), for the past five years. Keith Oliver, CDC's chief financial officer, has been appointed interim CEO. McKinsey & Co., an international management consulting firm has been appointed to act as special advisors to the CEO during the search for Sisodraker's replacement. The search is expected to take six to nine months.

Sisodraker replaced Bo Manning, the company's previous CEO in June 2004. Other high profile CRM CEOs have stepped down in the past year as well. PeopleSoft CEO Craig Conway was fired last October, shortly before the company was taken over by Oracle. Tom Siebel, CEO of Siebel Systems, stepped down from his role in May of 2004, and Brent Frei, cofounder of Onyx stepped down in January 2004.

Chinadotcom purchased Pivotal at the beginning of 2004, outbidding several suitors, including midmarket rival Onyx.

The company said it will accelerate development of enhancements to the Pivotal products and invest in customer sales and support processes.

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